Dec. 1, 2010 (Filing Services Canada) -- Tribute Resources Inc. (TRB - TSX Venture), ("Tribute"), a developer of natural gas storage and renewable energy projects in the Province of Ontario is pleased to announce the appointment of Tom Ryley as Chairman of the Board of Directors and Jennifer Lewis to the position of Treasurer and Chief Financial Officer.
Tom Ryley is the managing partner of Beacon Head Energy Ltd., a company founded in 2008 with a focus on business planning, corporate strategy, and new business development in the energy sector. Beacon Head Energy Ltd. is the General Partner of Beacon Head Limited Partnership which purchased 10 million shares of Tribute in October of 2010. Tom Ryley has worked in the North American energy industry for over 30 years. Tom was previously an Executive Vice President of Canada's largest integrated oil and gas company, Suncor Energy Inc and over his career has had extensive commercial, operational and new business development experience, as well as having held a range of senior leadership positions. He has extensive contacts throughout both the energy industry and with governments and regulatory agencies across North America. He is currently, and has been a director of a number of companies, and a past Chair of the Canadian Petroleum Products Institute.
Jennifer Lewis is a graduate of the Richard Ivey School of Business at the University of Western Ontario. Immediately following graduation, Jennifer worked at Deloitte and Touche LLP where she obtained her Chartered Accountant designation. For the past two years Jennifer has been a consultant to Tribute where she assumed responsibilities for assessing renewable energy business opportunities in wind power, landfill gas and hydraulic facilities in addition to being responsible for compliance reporting including the preparation of the financial statements and MD&A.
Tribute is pleased to welcome both Tom and Jennifer to our team and looks forward to the leadership, guidance and commitment that each will provide in their areas of expertise.
About Tribute Resources Inc.:
Tribute is a Canadian publicly traded energy company that was incorporated under the Business Corporations Act of the Province of Alberta on May 15, 1997. Tribute's primary focus is on adding value to shareholders by exploring for, developing and maintaining a long-term interest in market-based priced underground natural gas storage assets and identifying and developing renewable energy projects in the Province of Ontario. Tribute's objective is to build a company capable of delivering and sustaining long-term per share growth by developing energy projects that will generate stable long-term cash flow when fully operational. Tribute's business plan is to build upon its current asset base to identify, permit, develop, and construct projects that meet its threshold return criteria. Tribute will create value by identifying project opportunities, providing the expertise to develop the projects and maintaining an interest in the completed assets to build long-term stable utility quality cash flow from a strong and diversified energy related asset base. Tribute's goal is to become one of the leading independent, market-based priced energy providers in Ontario by integrating gas storage and renewable resources to provide reliable, environmentally friendly energy to customers at competitive market-based prices.
Forward-Looking Statements
Certain statements in this press release may include "forward-looking" statements which involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements of Tribute to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. When used in this press release, such statements use such words as "may", "will", "expect", "anticipate", "project", "believe", "plan", and other similar terminology. The risks and uncertainties are detailed from time to time in reports filed by Tribute with applicable securities regulatory authorities. New risk factors may arise from time to time and it is not possible for management to predict all of those risk factors or the extent to which any factor or combination of factors may cause actual results, performance and achievements of Tribute to be materially different from those contained in forward-looking statements. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchanges) accepts responsibility for the adequacy or accuracy of this news release.
For further information on this press release please contact Jane Lowrie, President of Tribute at (519) 657-7624 or visit our website at www.tributeresources.com.
Source: Tribute Resources Inc. (TSX-V: TRB) http://www.tributeresources.com
Maximum News Dissemination by Filing Services Canada Inc. *
www.usetdas.com
Suncor Energy Inc. news
Investor announcements, newest first.